This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IAASB Proposes Modernization of Financial Estimate Audits in Support of Audit Quality

  • IAASB - Assurance Image

Apr 20, 2017

On April 20, 2017, the International Auditing and Assurance Standards Board (IAASB) issued a press release where they discuss the proposed significant changes in how auditors evaluate accounting estimates and related disclosures.

The changes will require auditors to sharpen their focus on risks of material misstatements arising from accounting estimates, and to address those risks with more granular audit requirements.

Review the press release on the IAASB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.